ExxonMobil’s ability to invest through the pandemic enabled the supermajor to ramp up supply quickly as demand soared this year, with Permian Basin and LNG supply expanding, CEO Darren Woods said Friday.


On the back of the Permian and a flood of investments in Guyana and liquefied natural gas projects worldwide, ExxonMobil’s deep pockets have allowed it to look beyond the energy upheaval.

“We continued to invest during the pandemic with the understanding that demand would recover,” Woods said during a wide-ranging conference call to discuss second quarter results. 

CFO Kathryn Mikells, who shared a microphone, said, “we tend to be an organization that prepares for the worst and hopes for the best.”

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